Private Equity Fund Investments
Used cars retailer Spinny raises $105-M from Tiger Global, Avenir, others
Spinny, a Gurugram-based used car retailing platform, has raised about USD 105 million in its Series D round led by Tiger Global. Spinny will allot 83,754 Series D preference shares and 20 equity shares at an issue price of INR 92,122.93 each to raise INR 771 crore (USD 105 million). Tiger Global has invested around USD 75 million, followed by Avenir Growth and General Catalyst, which invested USD 17 million and USD 10 million respectively. FJ Labs and GC DF Ventures have put in the remaining amount. The deal involved a mix of primary and secondary transactions. Avenir bought shares worth USD 3 million from a few early angels and Simile Ventures.
From the Venture Intelligence PE-VC Deal Database: Between Dec-15 and Apr-21, Spinny raised over $124-M from Think Investments, Fundamentum, General Catalyst Partners, Elevation Capital, Stride Ventures, KB Investment, Accel India, Alteria Capital, Simile Venture Partners, Blume Ventures, Haystack Investment and others.
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